Grand Havana Enterprises, Inc

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International Guild of Hospitality & Restaurant Managers

Grand Havana Enterprises, Inc., incorporated in 1993, owns, operates and develops private membership restaurants and cigar clubs under the name Grand Havana Room, and retail cigar stores under the name Grand Havana House of Cigars. Grand Havana currently owns and operates two Grand Havana Rooms that are located in Beverly Hills, California, and New York, New York, and two Grand Havana House of Cigars retail stores that are located in Beverly Hills, California, and Las Vegas, Nevada. Grand Havana's primary business focus is on operating its existing cigar clubs and retail stores.

Grand Havana Rooms, the Company's private membership restaurant and cigar clubs, are targeted primarily toward affluent cigar smokers and their guests. The first Grand Havana Room opened in June 1995 in Beverly Hills, California. In March 1997, a second Grand Havana Room opened in Washington, D.C., and the third Grand Havana Room opened in New York, New York, in May 1997. The Washington, D.C. Grand Havana Room was closed in February 1999 and Grand Havana sold substantially all of the assets of the Washington, D.C. location.

The Grand Havana Room concept is to provide a private club where members can keep their cigars and smoking accessories for use while at the Grand Havana Room. Each Grand Havana Room offers corporate and individual memberships for a one-time initiation fee and a monthly membership fee thereafter. In addition, the New York Grand Havana Room offers a "social membership" that permits the member to use the Grand Havana Room facilities, but does not provide the member with a locker or humidor. Each Grand Havana Room includes a private smoking lounge, a full bar and an upscale restaurant. The Grand Havana Rooms also sell premium cigars and cigar and tobacco accessories. All facilities of the Grand Havana Room are available for use only by members and their guests.

Membership at each Grand Havana Room is limited to the number that the Company believes is appropriate to the space of the particular Grand Havana Room. Membership at the Beverly Hills Grand Havana Room is also limited to the number of humidors maintained by the Company.

Grand Havana House of Cigars retail stores specialize in premium cigars, cigar accessories and related merchandise. In the summer of 1997, the Company began offering its own brands of cigars, under the names Grand Havana Selection and Grand Havana Reserve, at its retail locations and its Grand Havana Rooms. In the future, Grand Havana may enter into agreements for the distribution of its brands of cigars to third party wholesalers or retailers. The Company does not manufacture the cigars that use its trade names.

The first Grand Havana House of Cigars opened in March 1997 adjacent to the Washington, D.C. Grand Havana Room. A second Grand Havana House of Cigars opened in the lobby of the Bally's Hotel in Las Vegas, Nevada, in November 1997 and a third Grand Havana House of Cigars was opened adjacent to the Beverly Hills Grand Havana Room in December 1997. The Washington D.C. location was closed in February 1999 and Grand Havana sold the store's assets.

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